Kratos Awarded $18.0 Million in Contracts to Provide High Power Amplifiers and
Support for Specialized Medical Systems
SAN DIEGO, June 26, 2013 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Electronic Products Division was recently awarded a
contract from a major healthcare and medical equipment provider for high power
microwave amplifiers used in oncology therapy systems. The initial award has
an approximate value of more than $6.0 million. Additionally, Kratos has also
received an award for service and maintenance of the high power amplifiers to
be provided with a minimum value of $12 million and a period of performance
The high power microwave amplifiers to be delivered will be manufactured at
Kratos' Herley Lancaster facility and are a critical element of these
specialized oncology therapy systems. Initial deliveries of the equipment are
expected to begin during the third quarter of this year.
Rich Poirier, President of Kratos' Electronics Product Division, said, "Kratos
continues to execute on its strategy to apply proven products and technology
in certain very specific commercial applications, and these contract awards
are representative of the continued success of this initiative."
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized
National Security technology Company providing mission critical products,
services and solutions for United States National Security. Kratos' core
capabilities are sophisticated engineering, manufacturing and system
integration offerings for National Security platforms and programs. Kratos'
areas of expertise include Command, Control, Communications, Computing, Combat
Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite
communication systems, electronic warfare, unmanned systems, missile defense,
cyber warfare, cyber security, information assurance, and critical
infrastructure security. Kratos has primarily an engineering and technically
oriented work force of approximately 4,100. The vast majority of Kratos' work
is performed on a military base, in a secure facility or at a critical
infrastructure location. Kratos' primary end customers are National Security
related agencies. News and information are available at www.KratosDefense.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of Kratos and are
subject to significant risks and uncertainty, including risks related to
product failure, general economic conditions and cutbacks in spending.
Investors are cautioned not to place undue reliance on any such
forward-looking statements. All such forward-looking statements speak only as
of the date they are made, and Kratos undertakes no obligation to update or
revise these statements, whether as a result of new information, future events
or otherwise. For a further discussion of risks and uncertainties that could
cause actual results to differ from those expressed in these forward-looking
statements, as well as risks relating to the business of Kratos in general,
see the risk disclosures in the Annual Report on Form 10-K of Kratos for the
year ended December 30, 2012, and in subsequent reports on Forms 10-Q and 8-K
and other filings made with the SEC by Kratos.
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